Port of Tauranga provides share purchase loans to employees

Port of Tauranga Limited has notified NZX Limited of financial assistance provided to eligible employees under its Employee Share Purchase Scheme. The scheme, operating since 1989 and last amended in 2022, allows employees to acquire fully paid ordinary shares in the company.

The financial assistance, provided on September 18, 2025, facilitated the purchase of 152,137 shares. A total of $1,131,589 was paid by the Trustee for the issue of these shares, which were subsequently allocated to employees at a 10% discount. This assistance involves interest-free loans totaling $1,018,430, with a minimum term of three years, to be repaid through deductions from employees' after-tax salary or wages.

The scheme was open to eligible members of Port of Tauranga Limited and its subsidiary, Quality Marshalling (Mount Maunganui) Limited.